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3 Stocks Pushing The Wholesale Industry Higher

2. As of noon trading,
Magna International (
MGA) is up $0.30 (0.7%) to $46.01 on light volume Thus far, 128,906 shares of Magna International exchanged hands as compared to its average daily volume of 568,600 shares. The stock has ranged in price between $45.63-$46.20 after having opened the day at $45.63 as compared to the previous trading day's close of $45.71.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules and components, and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. Magna International has a market cap of $10.8 billion and is part of the services sector. The company has a P/E ratio of 7.9, below the S&P 500 P/E ratio of 17.7. Shares are up 39.4% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Magna International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Magna International as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
Magna International Ratings Report now.

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